OAK RIDGE, Tenn.–For the third year in a row, the ORNL Federal Credit Union has paid out a special dividend to members. The $4 million special dividend was issued to members on Oct.16, during International Credit Union Week.
Fresh Today
WASHINGTON—A bipartisan group of lawmakers has sent a letter to Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) calling for a one-year extension to existing Troubled Debt Restructuring (TDR) and Central Liquidity Facility (CLF) regulations.
ATLANTA—A federal court has shut down an Atlanta-based debt collector in response to a Federal Trade Commission complaint alleging its agents threatened consumers with arrest and imprisonment and tried to collect debts that consumers did not actually owe.
GOSHEN, Ind.–Interra Credit Union said it has signed a multi-year commitment for Lumin Digital’s cloud-native platform as the credit union’s digital banking solution for its membership. Interra will have more than 50,000 retail and business users when the credit union launches on the platform, which is slated for May 2021, the company said.
MILWAUKEE, Wis. – For the first time Corporate Central hosted its annual Economic Outlook Conference virtually this year, and is reporting that over the two-day event approximately 150 credit union professionals from 20 states across the country logged in to participate.
MARLBOROUGH, Mass.–One credit union trade association and one credit union have announced support for diversity efforts within credit unions.
CINCINNATI–A nun who works on the front lines of housing and a national analyst who tracks mortgage and housing trends both see big problems in the near future when various mortgage forbearance programs expire by year-end.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the third quarter of 2020.
NEW YORK—The Venmo Credit Card is rolling out to select customer with some features that make it especially appealing to younger users.
WASHINGTON—State financial regulators, joined by the Bankers Electronic Crimes Task Force and the U.S. Secret Service, have issued a self-assessment tool to financial institutions they supervise in an effort to help mitigate ransomware attacks, the Conference of State Bank Supervisors (CSBS) reported.